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The Swedish renewable energy group OX2 has landed on the Spanish market

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Swedish renewable energy company OX2 has landed in Spain, led by Manuel Fernández, as “country manager” who will oversee the company’s energy development in the national renewable energy market, the company reported.

Specifically, OX2, which has been listed on the Nasdaq First North Premier Growth Market since June 2021 and on Nasdaq Stockholm since April 2022, develops, manufactures and sells onshore and offshore wind farms and solar photovoltaics.

In the specific case of Spain, OX2’s commitment is based on the country’s ambitious targets in the field of renewable energy, with the aim of achieving a combined installed capacity of around 90 GW of wind and photovoltaic solar energy by 2030 – with an increase of more than 40 GW compared to 2021-.

Manuel Fernández is “very proud” to be part of an “extraordinary and high caliber team working from Spain to help accelerate the energy transition so society and the planet can continue to thrive”.

In particular, as part of its expansion process, OX2 has designated Spain as an enclave to set up its photovoltaic “centre” from where the company’s European solar growth and development, as well as its push into new renewable technologies, including storage and hydrogen, will be coordinated play a fundamental role.

The “hub” already has a local team of experts across the value chain, from development, engineering, networks and supply, responsible for centralizing all of the company’s solar knowledge.

The company has a turnover of 5 billion SEK (around 473 million euros) in 2021 and employs more than 300 people in eleven European countries: Sweden, Finland, Lithuania, Poland, Romania, France, Italy and Greece, which also includes Spain belongs now added.

OX2 currently has a portfolio of 23.4 gigawatts (GW) of wind, offshore wind and solar projects under development, 1.35 GW under construction and 3.2 GW under management.

In the medium term, the company aims to sell more than 2,000 megawatts (MW) per year in the market across all technologies and in all markets in which it operates, while maintaining an operating margin of 10%. OX2 has since developed and sold 3.4 GW of projects in Sweden, Finland, Poland and Norway.

Source europapress.es

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